The thing with online business is that it can be started with a very small investment.
I started my domaining business with an investment of $25 or roughly 1,500 Indian Rupee.
I remember searching for promo codes to buy as many domains in the $25 that I had to invest.
I bought 4 domains and could sell none of them for the next 6 months. Which is when I realized that they were useless.
And I made another $50 investment to hand register the next 10 domains.
I managed to sell one of them for $250 and another one for $99.
That was the total investment made(in terms of money) from start.
From then on, I follow the 60-40 rule.
I keep 60% of the profits and reinvest the rest 40%.
Since I mostly deal in hand registrations, this model works for me.
So, a good research and an initial investment of $100 is enough to start with, according to me.
Your thoughts?
I started my domaining business with an investment of $25 or roughly 1,500 Indian Rupee.
I remember searching for promo codes to buy as many domains in the $25 that I had to invest.
I bought 4 domains and could sell none of them for the next 6 months. Which is when I realized that they were useless.
And I made another $50 investment to hand register the next 10 domains.
I managed to sell one of them for $250 and another one for $99.
That was the total investment made(in terms of money) from start.
From then on, I follow the 60-40 rule.
I keep 60% of the profits and reinvest the rest 40%.
Since I mostly deal in hand registrations, this model works for me.
So, a good research and an initial investment of $100 is enough to start with, according to me.
Your thoughts?